Blocks 'full' --> Txs Fees high --> Mass Adoption down --> Discussion high --> BTC Market Price down --> .... ? (will lost users come back?)
How high do 'TX fees' have to be in order for 'mass adoption' to go down? Everyone keeps saying this, yet nobody gives exact numbers. Should we panic if the average fee is 15 cents?  You're asking the right (complex) question. There exists some good quant / financial engineers out there just doing correlation matrices all the day (e.g. for FX pairs or other assets ) - and first start point is the market price paired against fiat AND other alts... Would be nice to see that done by some institution- good for a master thesis. |
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Blocks 'full' --> Txs Fees high --> Mass Adoption down --> Discussion high --> BTC Market Price down --> .... ? (will lost users come back?)
all that correlates...
Core is still the best team, but markets will (do already) decide in the end.
I only buy into the 21 Mio, the decentralization and mass adoption.
If only one fails - I'd go.
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Coin Supply
ETH = 78.9 Mio
_______________________
BTC = 15.5 Mio
LTC = 45.3 Mio
DASH = 6.4Mio
XMR = 11.6Mio
sum = 78.8 Mio
Paradox: ETH has equal number of coins than the bigggest other cryptos in sum - now go and sum up the use(ers) ...
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This holds for any of the majors. Check out the GBP is plumming hard those days as well. Stick to the 21 and 2100 1 BTC = 21Mio in any fiat...  |
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the real price rise has not even started yet.
all these small rises are temporary because of small jumps due to accumulation phase and day-traders making a small profit from the little change.
the real price rise would be at least twice the current price ($700-$800) and can go even further.
.. started... |
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Triangle broken above ...
422.20 BTSP - good volume
Fasten seat belts ... China buys as well
EDIT 423 now ...
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Triangle broken above ...
422.20 BTSP - good volume
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'Circle' has been around for a while. Seeing $76 million investments in companies like Circle makes me question how they will make a profit. Always the big question - also with all the other investments into bitcoin world like blockstream, bloq, ... In the short this might only work by btc speculation. Buy some and later post big news - or the other way around sell first and make a big hearnator later ... |
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".... But if a customer is sending money to a country where Circle hasn't yet launched, it is simply transferred into bitcoin, then transferred and settled within minutes via the blockchain network that validates bitcoin transactions. At the other end, the bitcoin is then transferred back into the currency of that particular country. ..." from http://www.reuters.com/article/us-bank-payment-circle-idUSKCN0X30A7 |
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The Decentralized Marketplace OpenBazaar Now “Open for Business” so i think this is good time for pump bitcoin..? more infrastructure support bitcoin, im sure bitcoin can survive and already forked & copied to run with Monero - must be good :-) https://bitcointalk.org/index.php?topic=1088354.0 |
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You sounds like a central planner/protector for all the people. This is experimental software and open source isn't it, no one is responsible for people's financial loss, thus everyone here knows how to protect themselves by only investing risk money. But they hate being centrally controlled, it seems you value money over freedom
If third parties make decisions to take away your funds, then Bitcoin isn't money. I find it amusing that you call avoiding that, "centrally controlled". hm - you can improve, debug and grow only with constructive critics, so I wonder (but could understand as well) that you lose patience here ...
You are a sience guy, so you know your theory fail once you cannot convince your critisizers .
There is little point in arguing with a climate change denier or creationist whos positions are axioms and not based on the science. At some point all there is left to say is that this is what Bitcoin is, it's what it's been since the start-- the poster has already aggressively and insultingly disregarded the advice of virtually everyone with established expertise-- and promotes a vision, things like it being okay to make changes that confiscate people's funds, that in my opinion is practically and ethically incompatible with Bitcoin. I feel no shame in telling such a person that Bitcoin may not be what they seek. If Bitcoin is to satisfy anyone it cannot satisfy _everyone_; some demands are mutually exclusive. old clients wont check whats after 0x00(op_0).. they automatically treat the transaction as valid.
This is the property of the address, not the signature; if it were a property of the signature you could already simply steal any coin. This form needs really a good AI filter for 'constructive critics / Feature requests' - rest put on ignore :-) In the end I guess 95% of memebers are trying to improve bitcoin, methods for that are mostly wrong. |
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You really don't need all these wasted efforts of patch making and testing if you just do a hard fork
That would be strictly harder not easier. The older behavior must be accommodated regardless or it will confiscate peoples coins. I'm sorry you disagree with the method used by Bitcoin's creator-- as well as almost every technical expert to come after-- has fixed and maintained the system, perhaps you should use something else. hm - you can improve, debug and grow only with constructive critics, so I wonder (but could understand as well) that you lose patience here ... You are a sience guy, so you know your theory fail once you cannot convince your critisizers . |
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Sure it is not a late April joke?
Names are really big, but invers is the money....
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Average Joe will chose by price. I suppose he will not see the banking blockchain at all since this will be fully covered by a new shiny Visa app.
The issue comes if Joe sees that the buying power of his $ gets worse and worse that is the point when he might buy BTC.
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Just to summ up / that attack would be like that:
A miner
1) modifies his own mining code to enter already the SW link into the correct place
2) mines a BAD block NOW, Long time before SW goes live
3) Now he can do lots of real txs like spending BTC (but get back when)
4) SW goes live and all blocks down to his BAD block get orphaned and his spending from 3) are neglegted
? correct ?
Soft-forks are not enforced on the older parts of the chain. Only in blocks from two weeks after 95% of the hash-power had signaled their intent to enforce (counted over a 2016 block interval after the change start-time). For prior soft-forks, like strictder, there are many historical violations before where it was enforced. It does not make the chain invalid, only violations after the point where the new rule's enforcement begins would do so. Thanks & yes, I got that. But this soft fork happens at 4) or two weeks later. The question is, whether the new coded miners (SW enabled) will orphane the non SW chain down two that BAD block made in 2) because they will all agree that this BAD but old block is the last valid SW one since it contains the correct LAST correct SW entry? |
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